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QTSequencer - How Trades are Displayed

Trades are displayed in one of two ways:

  1. Composite trades, with no distinction of what exchange the trade was executed on. Composite trades are represented by white dots or squares (and white triangles for ISO trades when displayed separately).

  2. Exchange specific trades, with color distinction based on what exchange the trade was executed on. Exchange specific trades are represented by colored dots or squares (and colored triangles for ISO trades when displayed separately).


The following chart is typical of displayed composite trades:




Removing all quotes from the display we see only trades:




Trades may also be broken out into regular trades and ISO (Intermarket Sweep Order) trades:



Showing the same trades as Exchange specific trades, colors are used to designate the exchange the trades executed on (color legend in lower section of chart):



In the following chart, only trades that executed on the NSDQ exchange are shown:



In this chart, trades which executed on the NSDQ and BATS exchange are shown:



Combining all quotes with exchange specific trades:




Due to the sheer number of trades some charts produce, we may occasionally shrink the chart size of trades and change the shape of regular trades from circles to squares, as the chart below demonstrates. The lower legend will always reflect these changes:



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Nanex Research